First Business Financial Services Inc. Purchases Shares of 14,009 Invesco PLC (IVZ)

First Business Financial Services Inc. Purchases Shares of 14,009 Invesco PLC (IVZ)

First Business Financial Services Inc. purchased a new stake in Invesco PLC (NYSE:IVZ) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,009 shares of the company’s stock, valued at approximately $438,000.

A number of other institutional investors also recently bought and sold shares of IVZ. Cullinan Associates Inc. boosted its stake in Invesco PLC by 4.7% in the third quarter. Cullinan Associates Inc. now owns 145,650 shares of the company’s stock valued at $4,554,000 after buying an additional 6,550 shares during the period. AGF Investments Inc. boosted its stake in Invesco PLC by 9.8% in the second quarter. AGF Investments Inc. now owns 1,618,646 shares of the company’s stock valued at $41,332,000 after buying an additional 144,214 shares during the period. Nelson Roberts Investment Advisors LLC boosted its stake in Invesco PLC by 1.5% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 200,818 shares of the company’s stock valued at $6,280,000 after buying an additional 3,059 shares during the period. Brookstone Capital Management boosted its stake in Invesco PLC by 8.0% in the third quarter. Brookstone Capital Management now owns 136,703 shares of the company’s stock valued at $4,275,000 after buying an additional 10,147 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in Invesco PLC by 9.4% in the third quarter. Advisors Asset Management Inc. now owns 425,196 shares of the company’s stock valued at $13,296,000 after buying an additional 36,458 shares during the period. Institutional investors and hedge funds own 80.88% of the company’s stock.

Invesco PLC (NYSE:IVZ) traded down 1.917% during mid-day trading on Friday, hitting $29.425. The company’s stock had a trading volume of 949,962 shares. The company has a market cap of $12.02 billion, a P/E ratio of 14.831 and a beta of 1.86. The firm’s 50-day moving average is $31.15 and its 200-day moving average is $30.34. Invesco PLC has a 12-month low of $23.02 and a 12-month high of $33.34.

Invesco PLC (NYSE:IVZ) last announced its quarterly earnings data on Thursday, January 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. Invesco PLC had a return on equity of 11.52% and a net margin of 17.36%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $867.07 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. Invesco PLC’s revenue was down 3.6% compared to the same quarter last year. Analysts predict that Invesco PLC will post $2.22 EPS for the current fiscal year.

IVZ has been the subject of several research analyst reports. Citigroup Inc. increased their price objective on Invesco PLC to $33.00 in a report on Wednesday. Jefferies Group LLC dropped their price objective on Invesco PLC to $33.00 in a report on Friday. Deutsche Bank AG increased their price objective on Invesco PLC from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, October 5th. Keefe, Bruyette & Woods set a $36.00 price objective on Invesco PLC and gave the stock a “buy” rating in a report on Saturday, October 15th. Finally, Zacks Investment Research upgraded Invesco PLC from a “sell” rating to a “hold” rating in a report on Wednesday, December 21st. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $35.82.

In related news, insider Andrew Tak Shing Lo sold 150,000 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $27.71, for a total value of $4,156,500.00. Following the transaction, the insider now owns 251,603 shares of the company’s stock, valued at $6,971,919.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Philip Taylor sold 140,000 shares of the stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $31.33, for a total value of $4,386,200.00. Following the completion of the transaction, the insider now directly owns 147,751 shares in the company, valued at approximately $4,629,038.83. The disclosure for this sale can be found here. In the last three months, insiders sold 447,615 shares of company stock worth $13,517,029. 1.90% of the stock is owned by insiders.

Invesco PLC Company Profile

Invesco Ltd. (Invesco) is an independent global investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a diverse set of investment vehicles, to help clients achieve their investment objectives. It operates in the investment management segment.

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